Flowserve (FLS) Soars 7.3%: Is Further Upside Left in the Stock?

Flowserve (FLS) shares ended the last trading session 7.3% higher at $52.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.2% loss over the past four weeks. Flowserve's rally is largely driven by optimism over its strong momentum in the Flowserve Pump Division and Flow Control Division segments. Also, the acquisition of the intellectual property and in-process R&D related to cryogenic liquefied natural gas (LNG ...